The 2002-2005 revisions of the Income and Expenditure Accounts

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Table 6 Revisions to expenditure aggregates at current prices
Reference period	Initial estimate¹	Previous estimate²	Revised estimate³	Current revision⁴	Cumulative revision⁵
Reference period	millions of dollars
Personal expenditure on consumer goods and servies
2002	651,192	656,349	655,722	-627	4,530
2003	689,419	687,791	686,488	-1,303	-2,931
2004	722,631	721,235	719,869	-1,366	-2,762
2005	761,962	761,962	760,380	-1,582	-1,582
Government current expenditure on goods and services
2002	214,174	223,905	224,428	523	10,254
2003	231,003	236,631	239,392	2,761	8,389
2004	249,771	248,534	249,779	1,245	8
2005	262,369	262,369	264,242	1,873	1,873
Government gross fixed capital formation
2002	29,233	29,732	28,589	-1,143	-644
2003	32,144	30,953	30,085	-868	-2,059
2004	32,702	33,091	31,553	-1,538	-1,149
2005	35,129	35,129	34,237	-892	-892
Government investment in inventories
2002	-45	-45	-45	0	0
2003	15	15	15	0	0
2004	21	21	21	0	0
2005	27	27	27	0	0
Business investment in residential structures
2002	63,103	65,712	65,651	-61	2,548
2003	73,016	72,971	72,758	-213	-258
2004	84,470	83,557	82,972	-585	-1498
2005	89,595	89,595	89,101	-494	-494
Business investment in non-residential structures
2002	50,024	49,987	50,659	672	635
2003	49,844	53,883	54,425	542	4,581
2004	54,243	57,139	61,600	4,461	7,357
2005	63,938	63,938	69,606	5,668	5,668
Business investment in machinery and equipment
2002	84,380	80,150	80,275	125	-4,105
2003	82,187	80,266	80,471	205	-1,716
2004	85,641	85,171	85,215	44	-426
2005	91,354	91,354	91,104	-250	-250
Business investment in inventories
2002	2,672	-1,301	-2,674	-1,373	-5,346
2003	7,563	7,239	4,935	-2,304	-2,628
2004	7,219	7,758	6,216	-1,542	-1,003
2005	9,469	9,469	11,158	1,689	1,689
Exports of goods and services
2002	470,114	478,071	479,185	1,114	9,071
2003	459,561	461,266	461,656	390	2,095
2004	494,519	492,580	494,578	1,998	59
2005	518,256	518,256	519,680	1,424	1,424
Imports of goods and services
2002	423,096	427,679	428,301	622	5,205
2003	409,993	414,370	416,516	2,146	6,523
2004	437,404	438,346	440,963	2,617	3,559
2005	464,030	464,030	467,673	3,643	3,643
1. For annual data, the initial estimate is from the fourth quarter of the corresponding year. 2. For 2002, 2003 and 2004, the previous estimate is the one released with the first quarter of 2005, while for 2005 it is from the fourth quarter issue of 2005. 3. The revised estimates are the result of the 2006 revisions. 4. The current revision is the revised estimate less the previous estimate. 5. The cumulative revision is the revised estimate less the initial estimate.